News

ADB’s new strategy in Asia: Helping build quality infrastructure at scale

The Asian Development Bank (ADB) — an institution with 67 member countries and territories, including 22 advanced economies from Asia and beyond — turns 50 this year. What sort of role should ADB play as the international cooperation paradigm undergoes drastic change, with the rise of emerging economies and the establishment of the China-led Asian Infrastructure Investment Bank?

ADB, Kyrgyz Republic sign agreement to complete Toktogul hydropower plant upgrade

The Asian Development Bank (ADB) and the Government of the Kyrgyz Republic have signed the loan agreement for the third and final phase of support to rehabilitate the Toktogul hydropower plant and increase the reliability of the national and regional power systems.

ADB supports $1 billion financing to expand Azerbaijan gas field

The Asian Development Bank (ADB) will provide $1 billion in private and public sector assistance to expand Azerbaijan’s Shah Deniz II, one of the world’s largest gas fields.

ADB to upgrade highways, improve road safety in Kashkadarya

The Asian Development Bank (ADB) has approved a $198 million loan to help upgrade and widen 77 kilometers of the existing Karshi-Shakhrisabz-Kitab highway in Kashkadarya province, southeast of Uzbekistan, to improve tourism, mobility, as well as domestic and international trade. (Photo credit: ADB)

ADB approves $415 million grant to support Afghanistan’s energy security

The Asian Development Bank (ADB) has approved a $415 million grant to boost Afghanistan’s energy supply and strengthen the country’s cross-border trade in energy. (Photo credit: ADB)

ADB, Kyrgyz Republic sign agreement for North–South alternate road corridor rehabilitation

The Asian Development Bank (ADB) and the Government of the Kyrgyz Republic today signed the financing agreement amounting to $95.1 million to rehabilitate a section of the North-South Alternate Road Corridor in the Kyrgyz Republic. (Photo credit: ADB)

ADB to help improve clean energy access, efficiency in Pakistan

he Asian Development Bank (ADB) has approved a $325 million loan to help enhance Pakistan’s energy security by helping install clean energy sources and improve people’s access to electricity in Khyber Pakhtunkhwa Province and Punjab, two of the country’s largest provinces.

ADB holds regional trade finance workshop in Tashkent

The Asian Development Bank’s Trade Finance Program launched a two-day workshop for trade finance professionals in Tashkent. A total of 48 participants representing 36 banks from seven Central Asia and Caucasus countries are attending.

ADB $150 million loan to overhaul transport and logistics in Chongqing

The Asian Development Bank (ADB) has approved a $150 million loan to develop an efficient goods handling system for Chongqing that integrates logistics for road, water, and rail transport.

ADB VP reaffirms support for Azerbaijan’s development priorities

Asian Development Bank (ADB) Vice President Wencai Zhang met with Ilham Aliyev, President of Azerbaijan, Prime Minister Artur Rasi-zade, and Samir Sharifov, Minister of Finance and ADB Governor, to reaffirm ADB’s continuous support for the country’s development and reform priorities. (Photo credit: ADB)